Russian Urals oil jumped $2-$3 above the $60 per barrel Western price cap on Thursday, boosted by strengthening in international benchmark Brent and additional export cuts announced by Russia in ...

Attempts by the European Commission to lower the price cap on Russian oil have encountered difficulties. Some EU countries are unwilling to take this step without the United States, Bloomberg informs.

A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct ...